Connecticut's legal recreational cannabis market has officially rolled out. Seven out of the nine existing medical marijuana dispensaries that were approved to convert to hybrid licenses began sales on Tuesday, and pulled in $251,276 in weed sales by 5. p.m., reported the Hartford Courant.
Which Companies Will Benefit The Most?
The independent stores selling both medical and recreational marijuana are in New Haven, Newington, Stamford and Willimantic – Affinity Health and Wellness (1) and Fine Fettle (3). Multi-state operators (MSO) including Acreage Holdings, Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRDF), Green Thumb Industries Inc. (OTCQX: GTBIF) (CSE:GTII) and Verano Holdings Corp. (CSE:VRNO) (OTCQX: VRNOF) each opened one store in Montville (The Botanist), Branford (Rise) and Meriden (Zen Leaf).
Two additional shops in Torrington (Still River Wellness) and Danbury (Acreage's Botanist) were approved to open but weren't yet ready, reported CT Insider.
Cantor Fitzgerald analyst Pablo Zuanic said in his latest note that he expects …